This is a summary of links featured on Quantocracy on Friday, 03/04/2022. To see our most recent links, visit the Quant Mashup. Read on readers!
-
Bittrex API – An Introductory Guide [Algo Trading 101]Bittrex API is a method that allows us to automatically trade cryptocurrencies on Bittrex via code. What is Bittrex? Bittrex is an online cryptocurrency exchange platform that allows its users to trade over 700 trading pairs. As one of the oldest US-based exchanges, Bittrex is known for its excellent safety practices and transaction speed. Is Bittrex API free? Creating a Bittrex account and using
-
Active mutual funds underperform passive funds, again [Mathematical Investor]In a previous Mathematical Investor blog, we presented data on actively managed fund versus passive fund performance over various time horizons, based on the February 2019 Morningstar Active-Passive Barometer report. These data showed, for instance, that only 12.6% of actively managed U.S. large value funds outperformed a comparable passive index fund over a 3-year horizon, and only 8.3% did so
-
How to manage systemic risk in asset management [SR SV]Systemic crises are rare but critical for long-term performance records. When the financial system fails, good trades become bad trades and many sensible investment strategies incur outsized losses due to deleveraging and liquidation pressure. Managers have two principal sets of tools to address systemic risk. The first is estimation and control of tail risk. The second is a contingency plan for
-
Factor Investing: Are Internally Generated Intangibles Worthless? [Alpha Architect]As mind-bending as it sounds, although a companys internally generated intangible investments generate future value, they are currently not accepted as assets under US GAAP. Omission of this increasingly important class of assets reduces the usefulness and relevance of financial statement analysis that uses book value. In fact, Amitabh Dugar and Jacob Pozharny, authors of the December 2020